Triangle Energy Prepares for Exciting Exploration in Perth Basin

Triangle Energy (Global) Limited (AU:TEG) has released an update.

Triangle Energy (Global) Limited, alongside its joint venture partners, is on track to complete the well pad for the Becos-1 exploration well in the Perth Basin by the end of December, with drilling anticipated to start in March 2025. The exploration targets potential resources ranging from 1 to 21 million barrels, with a 20% chance of success. This development marks an exciting opportunity for investors interested in the energy sector.

For further insights into AU:TEG stock, check out TipRanks’ Stock Analysis page.